ARTICLES ABOUT NEC BY DATE - PAGE 2

MUMBAI: Polaris Financial Technologies , a Chennai-based software services provider, is in talks to sell its services division to Japan's NEC Corporation , three people with knowledge of the development said. Polaris was earlier negotiating with Tech Mahindra but the proposed deal fell through over valuation and disagreement on the structure of the deal, prompting Polaris to open talks with NEC, one of these people said. "The deal with NEC could possibly value the services division at $400-450 million, a little higher than what Tech Mahindra was offering," another person said.

SINGAPORE: Japanese electrical giant NEC is looking to expand its research on Indian energy market through collaboration with two Indian institutes. NEC is seeking tie-ups with the Indian Institute of Technology (IIT), Delhi, and the Energy Resources Institute , said Ratnesh K Sharma, Department Head for Energy Management at NEC Laboratories America. "We are trying to collaborate with them in understanding the Indian scenarios better and get them involved in our research," Sharma told PTI yesterday.

AGARTALA: Tripura Chief Minister Manik Sarkar has urged the Ministry of Department of North Eastern Region (DoNER) and North Eastern Council (NEC) to play a proactive role for developing infrastructure for the success of the 'Look-East Policy' of the country. Addressing the 62nd meeting of NEC at New Delhi on Wednesday, Sarkar said, proper infrastructures relating to roads, railways, telecom lines and projects related to connectivity with and through Bangladesh should be implemented at a faster pace for success of the Look East policy of the Government of India.

NEW DELHI: The Directorate General of Hydrocarbons ( DGH ) has refused to approve Reliance Industries' USD 3.5 billion plan for developing gas discoveries in block NEC-25, off the Odisha coast, as the company had not done the prescribed tests to confirm the finds. RIL had in March-end submitted a USD 3.5 billion Integrated Field Development Plan for producing 10 million standard cubic meters per day of gas from the discoveries D-32, D-40, D-9 and D-10 in the Block NEC-OSN-97/2 (NEC-25)

AGARTALA: The Airports Authority of India (AAI) is exploring the possibility of upgrading the Agartala and Imphal airports in the north eastern region after Guwahati to facilitate travel for high-level international business delegations from bordering countries like Bangladesh, Myanmar and Bhutan, official sources said today. Sources said a high level meeting of the AAI would be held here on June 6 for upgradation of the Agartala airport which would be attended by Civil Aviation Secretary K N Srivastava and Chairman of AAI, V P Agarwal, Tripura Chief Minister Manik Sarkar and top officials of the state government.

NEW DELHI: A Parliamentary panel has asked the government to review the functioning of Ministry of Development of North Eastern Region (DoNER) and ensure that it implements projects meant for the region in a time-bound manner. Parliamentary Standing Committee on Home Affairs headed M Venkaiah Naidu said it was the high time the government review the functioning of the Ministry and devise a mechanism to strengthen the Ministry of DoNER for its effective functioning so that projects meant for the region are completed on time.

MUMBAI: IT firm NEC India today said it has appointed Partho Dasgupta as its Managing Director. Dasgupta is the first Indian to be appointed in this role and will undertake the leadership of NEC's business operations in the local market, NEC India said in a statement. He will report to Toshiya Matsuki, regional CEO at NEC Asia Pacific, it added. Dasgupta replaces Koji Oda, who will return to Japan to assume position as Executive Expert at the Global Business Unit of NEC Corporation , it said.

NEW DELHI: NEC Technologies India Ltd (NTI) today said it will focus on developing wide range of solutions for Indian and global markets around the company's solutions for enterprise and public businesses. NTI, a wholly owned subsidiary of NEC Corporation and formerly a joint venture between NEC Corporation and HCL Technologies , formally started its India operations today. "India is the cross point of Asia and Western markets and the new company will play a strategic role in business creation and standardisation of our solutions for global markets," NEC Corporation Senior Vice President Takaaki Shimizu said here.

SINGAPORE: NEC Asia Pacific is aiming to tap the multi-billion dollar smart energy development sector in India over the next three years, a senior official said today. "India will be a key market in NEC's Asia Pacific business plan from this year onwards," said Manish Kasliwal, head of the company's smart energy business centre in Singapore. "India will account for 40 per cent of the USD 200 million Asian revenue projected over three years," Kasliwal told on the sidelines of the Power and Electricity Asia 2013 conference being held April 16-17 here.

NEW DELHI: The old hope of inclusion of Northern part of West bengal, adjoining to North East Region under the purview of special North East Council(NEC) Industrial policy started gaining momentum after the recent report of Department-related Parliamentary Standing Committees on Transport, Tourism and Culture supporting the demand. But it did not find any mention of the issue in today's Union Budget . "We are disappointed after finding nothing on this in today's budget," said CII North Bengal Chapter Vice Chairman Mr. P K Shah while expressing his views on this following FM's budget speech.